Heather earned $8.42 per hour during the first month of her new job. Then she got a raise and earned $9.08 per hour. What was the amount of her raise?

Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?